Economy & Market

Summit’s cement business revenues jump in 2016

Published

8 years ago

February 26, 2017

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Net revenues at Summit Materials cement business have increased by 12.7 per cent in 4Q16 and 49.3 per cent for the full year, as the company benefitted from the acquisition of the Davenport business from Lafarge North America in 2015, as well as rising average selling prices and strong demand in its core markets along the Mississippi River.
The company posted quarterly revenues of $70.7 million in 4Q16, with cement sales volumes up 0.6 per cent and average selling prices up 6.8 per cent. Quarterly earnings were 20.5 per cent up on the previous year at $35.6 million.
For the year, the cement business – including sales from the Davenport assets – reported revenues of $264.6 million with sales volumes up 37 per cent and average sales prices up 7.5 per cent. Earnings were up 51 per cent at $113 million, boosted by improved efficiencies and continued cost reductions.
"Our cement business represents a clear catalyst for growth heading into 2017," said Tom Hill, Summit’s CEO in a statement. "Limited domestic production capacity and continued growth in US demand have combined to create opportunities for sustained growth in industry cement pricing."

Concrete

Holcim UK drives sustainable construction

Published

1 week ago

May 13, 2025

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Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

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Concrete

GCCA releases LCR system

Published

1 week ago

May 13, 2025

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The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

Image source:highways.today

Concrete

FLSmidth opens eco-friendly plant in Casablanca

Published

1 week ago

May 13, 2025

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FLSmidth has inaugurated a €21 million mill liner manufacturing plant in Casablanca, covering 11,250m² with a production capacity of 6,500 tonnes annually. The LEED-certified facility significantly reduces carbon emissions by up to 56 per cent and fully recycles water used in the manufacturing process. Up to 250 jobs will be created in the Valparaíso region. Mikko Keto, CEO, highlighted the plant as a symbol of FLSmidth’s commitment to sustainable mining and community engagement in South America. Earlier in 2024, the Denmark-based company announced plans to sell its cement division to sharpen its focus on mining operations.